The Serve ecosystem and ‘SRV’ token enables peer-to-peer or business-to-consumer delivery services with transparent, accountable and low fee transactions.
GLENDALE–July 26, 2018–Serve, a blockchain logistics company, today announced its blockchain protocol aimed at changing the paradigm of last mile delivery and decentralizing distribution of all services. By enabling on-demand delivery of any product or service, Serve plans to cut costly transaction fees up to 40 percent by removing the middleman.
Serve not only cuts costs for logistics companies, it also opens up opportunities for small vendors and independent service providers by not requiring them to be restricted to any particular third-party service platform. With Serve, a delivery driver can deliver food, offer ride-share, and deliver a package all through one platform. This enables users to access every driver, every restaurant, every product with lower costs, greater value and more convenient service.
“Some of today’s biggest delivery services are overcharging both merchants and consumers for what should be a convenient service; however, the inconvenient truth is that without decentralization, the middleman profits more than the merchant at the expense of the consumer,” said Shahan Ohanessian, CEO of Serve. “Serve aims to address problems plaguing the current shared economy, such as platform fees as high as 40 percent, low accountability, limited service areas and competition for SMEs from big businesses.”
Serve will enable enterprises (businesses) to create a profile, which is then validated by users employing blockchain technology. The Serve protocol will also allow users to transact directly with enterprises to buy goods and services. These goods and services can then be delivered on-demand with low transaction costs to the user –– only the usual delivery fee. Consumers can also earn rewards by participating in the community, validating reviews, submitting content, and visiting locations.
With a decentralized protocol, Serve plans to improve the quality and efficiency of delivery services by enabling a transparent view into the supply chain and order process as well as by providing accountability supported by a community of incentivized users. This will be accomplished using Serve’s own software, the Serve Token, which will facilitate transactions and incentivize users to validate quality service during pickups and deliveries. Serve plans to introduce its smart contracts, wallet, pilot program, and token ecosystem in a number of markets in the coming months.
Serve is a blockchain protocol aimed at changing the paradigm of last mile delivery and decentralizing the all services. Founded in 2018, by a team of professionals with expert backgrounds across technology, finance, blockchain, and logistics, Serve aims to address problems plaguing the current shared economy by enabling on-demand delivery of any product or service without high transaction fees. With a decentralized protocol and its own Serve Token powering the platform, Serve plans to improve the quality and efficiency of delivery services by enabling a transparent view into the supply chain and order process as well as by providing accountability supported by a community of incentivized users. For more information, visit serve.io.
Media Contact: Serve Team, firstname.lastname@example.org